Caribbean Cement still has no second director elected to the board

Sunday Finance had reported last week that Colin Steele, a public certified accountant, would assume the position for a second Jamaican domiciled member of the board of directors of the Caribbean Cement Company Ltd (CCCL). However, the position has not been taken up, reports the Jamaican Observer.

Colin Steele was lined up to be the second board member after an attempt to remove the obligation to elect a second Jamaican director was blocked by shareholders at the company's AGM.

Steele had been publicly advertised as the duly-nominated choice of the Jamaican shareholders.

But Steele informed the Caribbean Business Report that he had not sought election to the board . This was confirmed yesterday by spokespersons for the shareholders.